The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABBOTT LABS COM 002824100 2,769 61,500 SH   SOLE   61,500 0 0
ABBVIE INC COM 00287Y109 3,763 57,500 SH   SOLE   57,500 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 2,121 61,000 SH   SOLE   61,000 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 3,536 68,000 SH   SOLE   68,000 0 0
BANK AMER CORP COM 060505104 8,229 460,000 SH   SOLE   460,000 0 0
BAXTER INTL INC COM 071813109 4,764 65,000 SH   SOLE   65,000 0 0
BOSTON SCIENTIFIC CORP COM 101137107 3,379 255,000 SH   SOLE   255,000 0 0
CST BRANDS INC COM 12646R105 2,292 52,554 SH   SOLE   52,554 0 0
CISCO SYS INC COM 17275R102 4,450 160,000 SH   SOLE   160,000 0 0
CITIGROUP INC COM NEW 172967424 2,489 46,000 SH   SOLE   46,000 0 0
CORNING INC COM 219350105 1,586 69,180 SH   SOLE   69,180 0 0
EBAY INC COM 278642103 5,388 96,000 SH   SOLE   96,000 0 0
ENTROPIC COMMUNICATIONS INC COM 29384R105 269 106,444 SH   SOLE   106,444 0 0
FACEBOOK INC CL A 30303M102 3,304 42,346 SH   SOLE   42,346 0 0
GENERAL ELECTRIC CO COM 369604103 1,996 79,000 SH   SOLE   79,000 0 0
GENERAL MTRS CO COM 37045V100 7,404 212,100 SH   SOLE   212,100 0 0
GILEAD SCIENCES INC COM 375558103 754 8,000 SH   SOLE   8,000 0 0
ISHARES TR CORE S&P500 ETF 464287200 85,742 414,412 SH   SOLE   414,412 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 169,015 3,957,776 SH   SOLE   3,957,776 0 0
JUNIPER NETWORKS INC COM 48203R104 5,357 240,000 SH   SOLE   240,000 0 0
LENNAR CORP CL A 526057104 2,612 58,300 SH   SOLE   58,300 0 0
MERCK & CO INC NEW COM 58933Y105 4,799 84,500 SH   SOLE   84,500 0 0
MICROSOFT CORP COM 594918104 4,181 90,000 SH   SOLE   90,000 0 0
MONDELEZ INTL INC CL A 609207105 1,017 28,000 SH   SOLE   28,000 0 0
NETAPP INC COM 64110D104 3,706 89,400 SH   SOLE   89,400 0 0
NVIDIA CORP COM 67066G104 2,607 130,000 SH   SOLE   130,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 377,877 1,838,816 SH   SOLE   1,838,816 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 21,287 311,311 SH   SOLE   311,311 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 6,637 136,876 SH   SOLE   136,876 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 5,110 70,827 SH   SOLE   70,827 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 33,541 1,356,303 SH   SOLE   1,356,303 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 4,526 80,000 SH   SOLE   80,000 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 41,701 1,008,489 SH   SOLE   1,008,489 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 5,597 118,533 SH   SOLE   118,533 0 0
SYMANTEC CORP COM 871503108 723 28,200 SH   SOLE   28,200 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 26,054 651,022 SH   SOLE   651,022 0 0
VMWARE INC CL A COM 928563402 734 8,900 SH   SOLE   8,900 0 0
AUTODESK INC COM 052769106 1,119 18,639 SH   SOLE   18,639 0 0
EMERSON ELEC CO COM 291011104 2,531 41,000 SH   SOLE   41,000 0 0
BROADCOM CORP CL A 111320107 1,647 38,000 SH   SOLE   38,000 0 0
TERADATA CORP DEL COM 88076W103 2,162 49,500 SH   SOLE   49,500 0 0
PFIZER INC COM 717081103 623 20,000 SH   SOLE   20,000 0 0
ISHARES TR RUS 1000 GRW ETF 464287614 13,883 145,200 SH   SOLE   145,200 0 0
TEXTRON INC COM 883203101 3,365 79,900 SH   SOLE   79,900 0 0
ARIAD PHARMACEUTICALS INC COM 04033A100 344 50,000 SH   SOLE   50,000 0 0
TARGET CORP COM 87612E106 3,947 52,000 SH   SOLE   52,000 0 0
RELYPSA INC COM 759531106 1,090 35,399 SH   SOLE   35,399 0 0
ALTERA CORP COM 021441100 1,884 51,000 SH   SOLE   51,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 2,807 60,000 SH   SOLE   60,000 0 0
AT&T INC COM 00206R102 1,680 50,000 SH   SOLE   50,000 0 0
KRAFT FOODS GROUP INC COM 50076Q106 5,138 82,000 SH   SOLE   82,000 0 0
AMGEN INC COM 031162100 3,265 20,500 SH   SOLE   20,500 0 0
VANGUARD INDEX FDS REIT ETF 922908553 28,058 346,400 SH   SOLE   346,400 0 0
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 73,065 1,590,090 SH   SOLE   1,590,090 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 11,900 645,000 SH   SOLE   645,000 0 0
FLEXSHARES TR MORNSTAR UPSTR 33939L407 13,121 428,500 SH   SOLE   428,500 0 0
MOSAIC CO NEW COM 61945C103 913 20,000 SH   SOLE   20,000 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 2,913 52,000 SH   SOLE   52,000 0 0
PROCTER & GAMBLE CO COM 742718109 5,556 61,000 SH   SOLE   61,000 0 0
COLGATE PALMOLIVE CO COM 194162103 692 10,000 SH   SOLE   10,000 0 0
JOHNSON CTLS INC COM 478366107 4,834 100,000 SH   SOLE   100,000 0 0
APPLE INC COM 037833100 8,279 75,000 SH   SOLE   75,000 0 0
TIME WARNER INC COM NEW 887317303 6,065 71,000 SH   SOLE   71,000 0 0
YAHOO INC COM 984332106 859 17,000 SH   SOLE   17,000 0 0
WHOLE FOODS MKT INC COM 966837106 5,294 105,000 SH   SOLE   105,000 0 0
PNC FINL SVCS GROUP INC COM 693475105 2,098 23,000 SH   SOLE   23,000 0 0
CME GROUP INC COM 12572Q105 3,768 42,500 SH   SOLE   42,500 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 3,502 84,000 SH   SOLE   84,000 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 5,850 73,900 SH   SOLE   73,900 0 0
CIGNA CORPORATION COM 125509109 515 5,000 SH   SOLE   5,000 0 0
PHILLIPS 66 COM 718546104 717 10,000 SH   SOLE   10,000 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 625 7,000 SH   SOLE   7,000 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 857 30,000 SH   SOLE   30,000 0 0
STRYKER CORP COM 863667101 2,641 28,000 SH   SOLE   28,000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 3,837 65,000 SH   SOLE   65,000 0 0
STARBUCKS CORP COM 855244109 2,544 31,000 SH   SOLE   31,000 0 0
BORGWARNER INC COM 099724106 879 16,000 SH   SOLE   16,000 0 0
QUALCOMM INC COM 747525103 2,825 38,000 SH   SOLE   38,000 0 0
EATON CORP PLC SHS G29183103 4,417 65,000 SH   SOLE   65,000 0 0
ORACLE CORP COM 68389X105 5,172 115,000 SH   SOLE   115,000 0 0
TOLL BROTHERS INC COM 889478103 1,371 40,000 SH   SOLE   40,000 0 0
SMITH & NEPHEW PLC SPDN ADR NEW 83175M205 1,837 50,000 SH   SOLE   50,000 0 0
XILINX INC COM 983919101 1,385 32,000 SH   SOLE   32,000 0 0
GOPRO INC CL A 38268T103 773 12,235 SH   SOLE   12,235 0 0